**Piers Morgan Secures Major Funding to Expand Uncensored Media Venture**
Piers Morgan, the renowned broadcaster and journalist, is in the process of raising significant capital to transform his YouTube-based platform, Uncensored, into a comprehensive global media enterprise. Reports indicate that Morgan is finalizing a fundraising round of approximately $30 million, which would value Uncensored at around $130 million.
Among the notable investors are The Raine Group, a prominent New York-based merchant bank, and media mogul Theo Kyriakou, who is associated with Greece’s Antenna Group and holds a stake in the London-based digital initiative, The News Movement. Additionally, marketing expert Michael Kassan is advising on advertising strategies and may also invest personally.
Several family offices from various regions are reportedly in discussions to acquire shares in Uncensored. Joe Ravitch, a well-known American banker and co-founder of Raine, is expected to join the Uncensored board as part of this capital-raising effort. This development follows Morgan’s exit from Rupert Murdoch’s media empire, which granted him full ownership of his Uncensored YouTube channel nearly a year ago.
Sources close to Morgan suggest that further details regarding the fundraising will be made public soon. While the exact size of Morgan’s personal stake remains unclear, the projected $130 million valuation implies that his financial interest could be worth tens of millions.
An insider noted, “The ambition is to grow this into a billion-dollar company within a few years. With the increasing audience engagement on digital platforms, this goal is certainly attainable.” Morgan, whose career spans roles at ITV, CNN, and Murdoch’s global media companies, is now strategizing to diversify Uncensored into a broader digital media group, which may include launching various new initiatives.
**FAQ**
*What is Piers Morgan’s goal for Uncensored?*
Piers Morgan aims to expand Uncensored into a billion-dollar global media company by leveraging the growing audience engagement on digital platforms.